'Pharma Bro' Martin Shkreli Predicts 75% Chance Of $1M Bitcoin By The End Of 2024
Portfolio Pulse from Ivan Crnogatić
'Pharma Bro' Martin Shkreli predicts a 75% chance that Bitcoin (BTC) will reach $1 million by the end of 2024. Despite skepticism and without providing a detailed thesis, Shkreli stands by his prediction, dismissing it as not an April Fool's joke. This prediction surpasses other bullish forecasts, including hedge fund manager Mark Yusko's $150,000 target and Ark Invest CEO Cathie Wood's long-term $3.8 million projection. Bitcoin continues to show strength, marking its seventh consecutive monthly gain.
April 01, 2024 | 7:55 pm
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Martin Shkreli predicts a 75% chance that Bitcoin will reach $1 million by the end of 2024, significantly above current forecasts by other analysts.
Shkreli's prediction, if taken seriously by investors, could fuel speculative buying, driving up Bitcoin's price in the short term. However, the lack of a detailed thesis and Shkreli's controversial reputation may temper the market's reaction. The prediction is far above others in the market, indicating a bullish but highly speculative outlook.
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